Announced Tue, 28 Jul · 22:02 IST
Board reshuffle: 4 directors exit, CFO replaced, ex-Bank of India chief joins
Cfo ResignedMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDFExplain this filing
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹3789.90
prior close
₹3813.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4———-0.3+0.7-1.1-5.3-10.0-16.6-6.6———
Up moveDown movePending
AI summary
On 28 July 2026, Midwest Energy saw 4 directors and the CFO resign citing personal reasons. New appointments include ex-Bank of India MD Dinabandhu Mohapatra as Independent Director, chartered accountant Rama Devi Dasari as new CFO, and Kollareddy Ranganayakamma (mother of promoter Soumya Kukreti) as Director. Outgoing WTD Deepak Kukreti, spouse of the promoter, will be paid consultancy fees up to Rs 12.5 lakh per month pending shareholder approval via postal ballot.
Likely market impact
Significant governance churn with multiple exits and promoter family board entry. Related party payment to outgoing WTD may draw shareholder attention.